Which of the following statements is true regarding horizontal analysis?
A) It can only be used with balance sheet accounts.
B) It can only be used with income statement accounts.
C) It expresses each financial statement line item as a percent of the largest amount on the statement.
D) It expresses each financial statement line item as a percent of the earliest year amount.
D
You might also like to view...
Digitec Company has recently decided to design and manufacture a laptop that retails for under $50, in an effort to make information technology available to people in places like rural Africa and rural India. This is known as what type of strategy?
A. Bottom of the pyramid B. Skimming the barrel C. Cream of the crop D. Top of the peak E. Base hierarchy
Two characteristics of arrivals are the line length and queue discipline
Indicate whether the statement is true or false
The statute of frauds,
a. requires all-important contracts to be in writing and signed by the party against whom action is brought. b. specifically states in great detail the nature and amount of written information that must be included in the formal contract, if it is to be enforceable. c. as its name indicates, is designed to prevent all varieties of fraudulent conduct in contracting. d. if not complied with, renders some otherwise valid contracts unenforceable.
General partners in a limited partnership:
a. have no liability b. have limited liability c. are personally liable to the partnership's creditors only if they choose to be d. are personally liable to the secretary of state e. none of the other choices are correct